All Forum Posts by: Landon Dolezal

So just curious, how much money would be appropriate to start investing in a mobile house (given the financial knowledge to back it up)?

:) thank you so much everybody! I think this might be my niche into the real estate biz. The area im planning on starting is very proactive its got the states fair in it, yet still very open for more housing :) There are many opportunities here. alright so hopefully someone can work this out with me iv got a 10k 2bd 1bth. it is in a park. Would it be better to find one that is on its own land even those are more pricey? Also what is Vanilla in real estate haha never heard of that.

Are manufactured homes a great way to start? there quite a few that are in the 10-20k range and i figured getting a loan would be easy for that. Any constructive criticism please?

Thanks, ive bought and borrowed many books, and still dont feel like i know enough to get my foot in the door. I would not mind a duplex or just 2-4unit. Im just very new and dont have any mentors to help show me what could potentially be my niche. advice much appreciated :)

Iv'e been doing some researching and i know it so much harder than in theory to just get a loan, use 50% rule, then obtain cashflow, i guess im in a school learning mindset, and feel like i need units to take me slowly into the groove. I also dont want to skip out on legalities so i dont get in deep problems. I read forums, and books but i feel like even once i get enough money saved up that i dont know what ill need to do then? I want to get into commercial real estate and start off small with a 5-20 unit apt complex and maybe work my way up to retail centers. Can anyone help me?

I know it sounds self explanatory but what are cash sales?

i was asking the question in the circumstance that they were making cash flow. My clarified question would be "if someone were in an ideal situation where they had a apt with good cash flow, what kind of factors would make them want to sell?" Haha but yes it seems it boils down to debt, purchasing bigger property, and personal issues. Thanks Ned and Kelly :)

I know there has to be a rational explanation for why someone would sell their apartments. If they are making cash flow why would one sell such an asset? Its just something i'm curious about.

Single Family rentals or multi family buildings

Since not every city obviously is the same, i was wondering if there is a way that i can analyze my city in order to find the best deals? I'm not sure if i am asking the right question but id appreciate feedback and hopefully be able to expand the wall that's not allowing me to express the many questions trying to escape my head :)